ICAP frequently asked questions (FAQs)

Transition Policy

1. Which FTS batch will identify new or old student for new Scheme?

A. The student bearing CRN Number 84289 and onwards are in new CA Education Scheme.

2. How many attempts are available for the students who have passed CAF and started their training on or before December 31, 2014?

A. The students registered on or before December 31, 2014 were required to pass Module E & F maximum by Summer 2016. Afterwards, they were transferred to CFAP level with equivalent credits and were required to pass the remaining papers of CFAP and ‘Information Technology Management, Audit and Control (ITMAC)’ and ‘Management Accounting (MAC)’ by Summer 2018 to become a Chartered Accountant.

The students who have not passed their CFAP, ITMAC & MAC by Summer 2018, are required to pass their remaining papers as follows:

Left with ITMAC paper => MSA 1 – Financial Reporting and Assurance – Professional Competence

Left with MAC paper => MSA 2 – Management Professional Competence

Left with ITMAC & MAC => Two MSA

Left with any paper other than ITMAC and MAC => Paper(s) he/she is left with


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